Equity
€345,575 ▲ 11.5%
TIMUCIN has made a profit without a break since 2019.
TIMUCIN
Lifetime
11 annual accounts with figures on one time axispeak €943,794 (2025)
€943,794▲ 7.9%
lowest -€91,857 (2018)
€35,666▼ 3.2%
peak €345,575 (2025)
€345,575▲ 11.5%
€1.7m▲ 28.7%
peak 18.6 FTE (2021)
17 FTE▼ 1.7%
Board5 names since 2014
3 directorsDEDE and 2 others
Documentsfilings and deeds
26-07-20265 days before the deadline
2025abbreviated format
Appointment: Kirtan Idris (director) 22-07Resignation: BV DEDE (director) 19-06Debts from €1.3m to €1.7mCash from €116,017 to €185,358
Key points
from the 2025 annual accountsTurnover
≈ €4.0m estimated
The accounts state no turnover.
Debts
€1.7m 83% of the balance sheet
Financial debts 22%Suppliers 64%Taxes and wages 8%Other 6%
€13,385 of the debts are secured on the company's own assets.
Staff
18 employees on 31-12-2025
In 2025, 34 people joined and 34 left.
Filings
11 annual accounts since 2015
Four of the last ten came late. The 2019 accounts came latest: 32 days after the end of the period.
Position in the sector
€943,794
Higher gross margin than 90% of companies in retail trade. Sector median €212,569 · 12,814 companies.
Checked score
69
Healthy
Financially stronger than 39% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.4 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.2 percentage points vs 06-2026
08-2026: 0.6%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Size: 17 FTE, total assets €2.0m
Equity €345,575 (17.2% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2014
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 31% of them on solvency, 21% on liquidity, 35% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as TIMUCIN has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TIMUCIN itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for TIMUCIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (0.99 in 2024), below the usual 1.5. Short-term debt is 72.9% and cash 9.2% of total assets. 82.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 days early
2024
23 days early
2023
8 days early
2022
19 days early
2021
17 days early
2020
30 days late
2019
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0548668226
Appointment: Kirtan Idris (director)
Board meeting of 05-05-2025 · Gazette deed
Resignation: BV DEDE (director)
Permanent representative: Kirtan Idris · Director discharge: BV DEDE · Board meeting of 05-05-2025 · Gazette deed
New director
DEDE appointed, KIRTAN Idris resigned · Permanent representative: KIRTAN Idris · “Het uitbaten van één of meerdere algemene voedingswinkels, supermarkten en superettes, inzonderheid het…” (deed in Dutch) · General meeting of 29-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIMUCIN Antwerp | €2.0m | €0.9m | 17.2% | 17 |
| Slagerij Ceursters Oud-Turnhout | €2.3m | €0.9m | 13.6% | 13.4 |
| SLAGERIJ DIDIER Roeselare | €1.5m | €0.9m | 22.3% | 17.7 |
| BEVORA Aalter | €2.1m | €0.9m | 2.7% | 13.9 |
| ALVOKA Aalter | €2.0m | €1.0m | 8.9% | 16.4 |
| VIMERIS Aalter | €1.7m | €0.8m | 6.1% | 13.5 |
| KAREL & HERLINDE Willebroek | €2.0m | €0.9m | 62.6% | 15 |
These companies have the same main activity as TIMUCIN: retail sale of meat and meat products, excluding game and poultry (NACE 47221). They are comparable in size and age: total assets between €1.5m and €2.3m, founded between 2008 and 2018.
Official details
Source: KBO- Status
- Active since 18-03-2014Normal situation
- Activity
- Retail sale of meat and meat products, excluding game and poultryNACE 47221and 2 others
- Joint committees
- 119Food trade
- 201Independent retail · annual accounts 2022
- Establishment unit
- 2.285.071.3622660 Antwerp, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €2.0m▲ 25.4%
- Employeeson 31-12-2025
- 18=
- Filing
- Filed on 26-07-2026, 5 days before the end of the filing period
Insights on TIMUCIN
TIMUCIN files the abbreviated format. That format states no turnover. The gross margin rose from €73,395 in 2015 to €943,794 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TIMUCIN
- What is the company number of TIMUCIN?
- The company number of TIMUCIN is 0548.668.226. The VAT number is the same number with BE in front: BE 0548.668.226.
- Where is TIMUCIN based?
- The registered office is at Antwerpsesteenweg 169, 2660 Antwerp.Company details
- What does TIMUCIN do?
- According to the KBO register, the main activity is retail sale of meat and meat products, excluding game and poultry (NACE 47221).
- What is the legal form of TIMUCIN?
- TIMUCIN is a private limited company (BV).
- When was TIMUCIN founded?
- TIMUCIN was founded on 18-03-2014.
- Is TIMUCIN still active?
- Yes, TIMUCIN is an active enterprise in the KBO register.
- How many employees does TIMUCIN have?
- TIMUCIN had an average of 17 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TIMUCIN fall under?
- In its 2022 annual accounts, TIMUCIN states joint committees 119 (Food trade) and 201 (Independent retail).
- What is the turnover of TIMUCIN?
- The turnover in financial year 2025 is ≈ €4.0m. This figure is estimated from the gross margin of €943,794 and 48 comparable companies (NACE 472). It probably lies between €2.8m and €6.5m.
- Is TIMUCIN profitable?
- In financial year 2025, TIMUCIN made a profit of €35,666.
- Where can I find the annual accounts of TIMUCIN?
- TIMUCIN filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIMUCIN due?
- TIMUCIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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